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BioXcel Plunges 75% as Teva Stalking-Horse Bid and Chapter 11 Filing Shake Investors
BioXcel shares collapsed 74.8% after bankruptcy filing; Teva offers $57.5M for assets, but equity holders face near-total loss.
Klarna CEO's $10M Buy Fails to Halt Slide as Stock Trades Near Record Low
Klarna CEO invests $10M in shares as stock drops 50% YTD. Q2 revenue rose 27% but guidance cut weighs on sentiment.
Micron Stock Slight Dip Masks Strong AI Memory Outlook
Micron shares dipped 0.25% to $932.86, but strong Q3 results and an 86% gross margin forecast for Q4 underscore solid AI memory demand.
Coca-Cola Gains 0.7% as Margin Expansion Caps Upside
Coca-Cola (KO) closed up 0.67% at $89.66 on Friday, as Q2 revenue rose 7% to $13.4B and operating margin expanded to 34.9%. Analysts see 7% upside.
Nokia Stock Dips 3.6% Despite AI Revenue Surge as Restructuring Costs Weigh
Nokia's ADRs dropped 3.6% despite AI revenue doubling, as restructuring costs pushed reported operating profit to a loss. Analysts still see 47% upside.
SLB Rises 4.2% on Venezuela Deal, Analysts See 8% Upside
SLB stock gained 4.2% following a data deal with Venezuela's PDVSA, while analysts see an 8% upside. The agreement grants access to oilfield data.
Vistra Stock Dips 2% as $472M Hedge Loss Masks Strong Core Growth
Vistra (VST) shares slipped 2% as a $472M hedging loss overshadowed a 31% EBITDA jump. Analysts remain bullish with a $217.42 price target.
Marvell Tumbles 10% as Investors Eye Delayed Google AI Revenue
Marvell (MRVL) shares dropped 10.3% despite record Q2 revenue, as investors focused on the delayed timeline for Google custom AI chip revenue, now expected in fiscal 2029.
SpaceX Edges Higher Despite Capex Exceeding Revenue 2.35x
SpaceX closed Friday at $141.50, up 0.45%, with Q2 revenue up 92% to $7.81B. However, capital expenditures reached $18.37B, 2.35x revenue, driven by AI infrastructure.
American Airlines Stock Slides on Fuel Costs Despite Record Q2 Revenue
American Airlines (AAL) fell 0.6% to $13.64 despite record Q2 revenue of $16.7 billion, as fuel costs surged 83% and net margin shrank to 0.4%. The company expects a Q3 adjusted loss.
IREN Stock Plunges 12.5% as $30B Capex Plan Outpaces AI Revenue Growth
IREN shares slid 12.5% as investors weighed a $30B capital expenditure plan against a $4B AI revenue run-rate. Q4 AI cloud revenue rose 110% to $70.5M, but EBITDA fell 68%.
Disney+ Pokémon Deal Lifts Shares as Streaming Revenue Hits $4.7B
Disney shares gained 1.2% as Disney+ secured global Pokémon rights, adding $2.2B in market value. Streaming subscription revenue rose 15% to $4.7B.